NYSE : VTEX
VTEX — Financial statements
Technology · Software - Application · Cayman Islands
Last price 4.05 USD (Oct 30, 2026, 9:49 AM EDT) · Market cap 669.60M
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Financial statements
VTEX (VTEX) reported revenue of 252.65M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 252.65M | 240.52M | 226.66M | 200.83M | 157.62M | 125.77M |
| Cost of Revenue | 52.41M | 54.18M | 59.70M | 60.99M | 52.83M | 49.59M |
| Gross Profit | 200.24M | 186.34M | 166.96M | 139.85M | 104.79M | 76.18M |
| Selling, General & Admin | 100.59M | 103.46M | 103.58M | 92.51M | 96.15M | 95.41M |
| Research & Development | 68.16M | 63.07M | 54.71M | 59.47M | 57.20M | 45.19M |
| Other Operating Expenses | 1.08M | 1.70M | 1.28M | 1.92M | 1.36M | 1.51M |
| Operating Expenses | 169.82M | 168.23M | 159.57M | 153.89M | 154.71M | 142.11M |
| Operating Income | 30.42M | 18.11M | 7.39M | -14.04M | -49.92M | -65.93M |
| Interest Expense | -733.00K | -790.00K | ||||
| Interest & Investment Income | 2.77M | 3.66M | 14.17M | 23.55M | 2.25M | 264.00K |
| Earnings From Equity Investments | 1.11M | 587.00K | ||||
| Currency Exchange Gain (Loss) | -6.16M | -10.39M | -10.20M | -32.41M | -1.18M | -1.19M |
| Other Non Operating Income (Expenses) | 5.14M | 11.10M | 1.91M | 10.44M | 4.43M | -3.61M |
| EBT Excluding Unusual Items | 32.17M | 22.48M | 13.27M | -12.46M | -44.05M | -70.67M |
| Gain (Loss) on Sale of Investments | -7.22M | 2.96M | ||||
| Other Unusual Items | 476.00K | -5.17M | -2.27M | |||
| Pretax Income | 32.65M | 22.48M | 13.27M | -12.46M | -56.44M | -69.99M |
| Income Tax Expense | 2.39M | 2.45M | -2.54M | 3.39M | -4.03M | -9.47M |
| Earnings From Continuing Operations | 30.26M | 20.03M | 15.81M | -15.86M | -52.42M | -60.51M |
| Minority Interest in Earnings | -3.00K | -18.00K | 8.00K | 10.00K | 1.00K | 3.00K |
| Net Income | 30.26M | 20.01M | 15.82M | -15.85M | -52.42M | -60.51M |
| Net Income to Common | 30.26M | 20.01M | 15.82M | -15.85M | -52.42M | -60.51M |
| Shares Outstanding (Basic) | 173.38M | 179.62M | 185.04M | 186.37M | 190.69M | 181.55M |
| Shares Outstanding (Diluted) | 178.99M | 185.11M | 192.33M | 186.37M | 190.69M | 181.55M |
| EPS (Basic) | 0.17 | 0.11 | 0.09 | -0.09 | -0.27 | -0.33 |
| EPS (Diluted) | 0.17 | 0.11 | 0.08 | -0.09 | -0.28 | -0.33 |
| Free Cash Flow | 44.60M | 32.33M | 23.89M | 4.93M | -29.56M | -54.37M |
| Free Cash Flow Per Share | 0.25 | 0.17 | 0.12 | 0.03 | -0.15 | -0.30 |
| Gross Margin | 79.26% | 77.47% | 73.66% | 69.63% | 66.48% | 60.57% |
| Operating Margin | 12.04% | 7.53% | 3.26% | -6.99% | -31.67% | -52.42% |
| Profit Margin | 11.98% | 8.32% | 6.98% | -7.89% | -33.26% | -48.11% |
| Free Cash Flow Margin | 17.66% | 13.44% | 10.54% | 2.46% | -18.75% | -43.23% |
| EBITDA | 33.88M | 21.37M | 10.62M | -10.08M | -46.65M | -62.93M |
| EBITDA Margin | 13.41% | 8.89% | 4.69% | -5.02% | -29.60% | -50.03% |
| D&A For EBITDA | 3.46M | 3.26M | 3.23M | 3.96M | 3.27M | 3.00M |
| EBIT | 30.42M | 18.11M | 7.39M | -14.04M | -49.92M | -65.93M |
| EBIT Margin | 12.04% | 7.53% | 3.26% | -6.99% | -31.67% | -52.42% |
| Effective Tax Rate | 7.32% | 10.91% | ||||
| Revenue as Reported | 252.65M | 240.52M | 226.66M | 200.83M | 157.62M | 125.77M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 15.45M | 15.74M | 18.67M | 28.04M | 24.39M | 121.01M |
| Short-Term Investments | 170.51M | 176.36M | 196.13M | 181.37M | 214.16M | 177.19M |
| Cash & Short-Term Investments | 185.96M | 192.10M | 214.81M | 209.41M | 238.56M | 298.20M |
| Accounts Receivable | 58.31M | 61.60M | 52.52M | 44.12M | 36.84M | 34.68M |
| Other Receivables | 6.60M | 6.72M | 10.33M | 6.50M | 5.12M | 6.88M |
| Receivables | 64.91M | 68.32M | 62.85M | 50.62M | 41.97M | 41.56M |
| Prepaid Expenses | 5.49M | 5.07M | 5.26M | 5.14M | 4.15M | 7.91M |
| Restricted Cash | 1.61M | 1.18M | ||||
| Other Current Assets | 2.08M | 2.02M | 1.67M | 1.08M | 873.00K | 662.00K |
| Total Current Assets | 258.44M | 267.50M | 284.59M | 266.25M | 287.16M | 349.52M |
| Property, Plant & Equipment | 10.02M | 6.00M | 6.19M | 5.97M | 8.73M | 9.89M |
| Long-Term Investments | 9.65M | 9.65M | 9.65M | 3.12M | 1.15M | 621.00K |
| Goodwill | 27.30M | 26.32M | 22.17M | 21.83M | 20.96M | 21.60M |
| Other Intangible Assets | 7.11M | 7.95M | 6.82M | 8.19M | 10.24M | 12.05M |
| Long-Term Accounts Receivable | 3.36M | 6.22M | 11.38M | 7.42M | 5.43M | 6.14M |
| Long-Term Deferred Tax Assets | 13.02M | 11.77M | 13.97M | 19.93M | 17.71M | 12.57M |
| Long-Term Deferred Charges | 4.42M | 5.03M | 4.85M | 2.92M | 1.79M | 1.25M |
| Other Long-Term Assets | 7.14M | 6.20M | 2.48M | 5.51M | 4.50M | 1.33M |
| Total Assets | 340.46M | 346.63M | 362.11M | 341.14M | 357.67M | 414.97M |
| Accounts Payable | 34.96M | 36.22M | 36.00M | 39.73M | 34.14M | 29.54M |
| Accrued Expenses | 3.83M | 6.89M | 6.45M | 6.07M | 3.46M | 4.51M |
| Current Portion of Long-Term Debt | 1.15M | 2.09M | ||||
| Current Portion of Leases | 2.12M | 1.64M | 1.62M | 1.86M | 1.90M | 1.10M |
| Current Income Taxes Payable | 1.69M | 369.00K | 1.41M | 2.15M | 673.00K | 524.00K |
| Current Unearned Revenue | 39.26M | 37.93M | 32.52M | 25.95M | 20.33M | 16.60M |
| Other Current Liabilities | 6.89M | 4.92M | 2.02M | 1.49M | 369.00K | 4.53M |
| Total Current Liabilities | 88.75M | 87.96M | 80.02M | 77.24M | 62.02M | 58.89M |
| Long-Term Debt | 1.19M | |||||
| Long-Term Leases | 4.98M | 1.25M | 1.70M | 2.23M | 3.74M | 4.89M |
| Long-Term Unearned Revenue | 15.90M | 17.74M | 22.22M | 16.58M | 13.92M | 16.20M |
| Long-Term Deferred Tax Liabilities | 480.00K | 589.00K | 808.00K | 2.67M | 2.46M | 2.04M |
| Other Long-Term Liabilities | 6.40M | 5.53M | 3.22M | 2.08M | 856.00K | 4.57M |
| Total Liabilities | 116.51M | 113.07M | 107.96M | 100.81M | 83.00M | 87.78M |
| Common Stock | 17.00K | 17.00K | 18.00K | 18.00K | 19.00K | 19.00K |
| Additional Paid-In Capital | 296.24M | 321.98M | 365.93M | |||
| Retained Earnings | -75.71M | -89.80M | -109.81M | -130.06M | -116.37M | -63.95M |
| Comprehensive Income & Other | 3.33M | 1.31M | -2.02M | 370.33M | 391.01M | 391.12M |
| Total Common Equity | 223.88M | 233.50M | 254.11M | 240.29M | 274.66M | 327.18M |
| Minority Interest | 73.00K | 63.00K | 32.00K | 39.00K | 19.00K | 7.00K |
| Shareholders' Equity | 223.96M | 233.56M | 254.15M | 240.33M | 274.68M | 327.19M |
| Total Liabilities & Equity | 340.46M | 346.63M | 362.11M | 341.14M | 357.67M | 414.97M |
| Total Debt | 7.09M | 2.88M | 3.31M | 4.10M | 6.79M | 9.27M |
| Net Cash (Debt) | 178.87M | 189.22M | 211.50M | 205.31M | 231.77M | 288.93M |
| Net Cash Per Share | 1.00 | 1.02 | 1.10 | 1.10 | 1.22 | 1.59 |
| Filing Date Shares Outstanding | 165.33M | 173.03M | 183.23M | 184.03M | 188.91M | 191.03M |
| Total Common Shares Outstanding | 165.33M | 172.99M | 184.74M | 184.03M | 188.91M | 191.03M |
| Working Capital | 169.69M | 179.54M | 204.57M | 189.01M | 225.14M | 290.63M |
| Book Value Per Share | 1.35 | 1.35 | 1.38 | 1.31 | 1.45 | 1.71 |
| Tangible Book Value | 189.48M | 199.22M | 225.12M | 210.27M | 243.45M | 293.54M |
| Tangible Book Value Per Share | 1.15 | 1.15 | 1.22 | 1.14 | 1.29 | 1.54 |
| Machinery | 6.31M | 5.89M | 4.74M | 3.84M | 5.49M | 5.01M |
| Leasehold Improvements | 2.88M | 2.71M | 2.04M | 2.56M | 2.81M | 2.80M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 30.26M | 20.01M | 15.82M | -15.85M | -52.42M | -60.51M |
| Depreciation & Amortization | 3.46M | 3.26M | 3.23M | 3.96M | 4.62M | 4.07M |
| Loss (Gain) From Sale of Assets | -66.00K | 7.00K | 120.00K | 889.00K | -9.00K | 54.00K |
| Asset Writedown & Restructuring Costs | 2.52M | -1.19M | ||||
| Loss (Gain) From Sale of Investments | -8.32M | -14.82M | -15.49M | -32.44M | ||
| Loss (Gain) on Equity Investments | -1.11M | -587.00K | ||||
| Stock-Based Compensation | 15.63M | 17.23M | 16.89M | 15.58M | 11.08M | 16.83M |
| Provision & Write-off of Bad Debts | 1.21M | 1.17M | 1.08M | 1.47M | 852.00K | 887.00K |
| Other Operating Activities | 7.28M | 11.68M | 5.47M | 26.98M | 494.00K | -13.04M |
| Change in Accounts Receivable | 4.90M | 446.00K | -21.68M | -7.81M | -3.58M | -16.75M |
| Change in Accounts Payable | -4.71M | -1.63M | 2.71M | 3.43M | 5.23M | 7.42M |
| Change in Unearned Revenue | -5.84M | -4.24M | 20.79M | 5.53M | 1.16M | 12.33M |
| Change in Income Taxes | -2.85M | -1.19M | -1.82M | 1.83M | -2.17M | 410.00K |
| Change in Other Net Operating Assets | 4.73M | 1.44M | -1.15M | 1.83M | 4.11M | -2.92M |
| Operating Cash Flow | 45.69M | 33.37M | 25.96M | 5.41M | -29.22M | -52.99M |
| Capital Expenditures | -1.08M | -1.04M | -2.07M | -477.00K | -340.00K | -1.38M |
| Cash Acquisitions | -15.00K | -3.69M | -2.92M | -1.69M | -5.71M | |
| Sale (Purchase) of Intangibles | -480.00K | -368.00K | ||||
| Investment in Securities | 26.08M | 28.64M | -11.73M | 35.76M | -42.60M | -159.91M |
| Other Investing Activities | -1.35M | 891.00K | -3.99M | -105.00K | 1.26M | 588.00K |
| Investing Cash Flow | 23.16M | 24.80M | -20.71M | 35.18M | -43.38M | -166.78M |
| Long-Term Debt Repaid | -47.00K | -71.00K | -1.24M | -3.91M | -11.80M | |
| Lease Payments | -1.26M | -913.00K | ||||
| Net Debt Issued (Repaid) | -47.00K | -71.00K | -1.24M | -3.91M | -11.80M | |
| Issuance of Common Stock | 753.00K | 232.00K | 3.90M | 1.03M | 567.00K | 301.15M |
| Repurchase of Common Stock | -73.12M | -59.11M | -11.20M | -35.24M | -12.80M | -2.42M |
| Other Financing Activities | -2.30M | -2.67M | -4.67M | -2.49M | -3.44M | -3.24M |
| Financing Cash Flow | -74.67M | -61.59M | -12.05M | -37.94M | -19.58M | 283.68M |
| Foreign Exchange Rate Adjustments | -66.00K | 490.00K | -2.57M | -613.00K | -4.43M | -1.46M |
| Net Cash Flow | -5.89M | -2.93M | -9.36M | 2.03M | -96.61M | 62.45M |
| Free Cash Flow | 44.60M | 32.33M | 23.89M | 4.93M | -29.56M | -54.37M |
| Free Cash Flow Margin | 17.66% | 13.44% | 10.54% | 2.46% | -18.75% | -43.23% |
| Free Cash Flow Per Share | 0.25 | 0.17 | 0.12 | 0.03 | -0.15 | -0.30 |
| Levered Free Cash Flow | 41.08M | 34.51M | 15.07M | 20.93M | -8.64M | -26.83M |
| Unlevered Free Cash Flow | 41.08M | 34.51M | 15.07M | 20.93M | -8.18M | -26.34M |
| Free Cash Flow After Leases | 44.60M | 32.33M | 23.89M | 4.93M | -30.82M | -55.29M |
| Cash Interest Paid | 5.00K | 726.00K | 784.00K | |||
| Cash Income Tax Paid | -104.00K | 1.92M | -82.00K | 312.00K | 4.85M | |
| Change in Working Capital | -3.76M | -5.17M | -1.15M | 4.82M | 4.75M | 489.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 658.02M | 668.10M | 1.09B | 1.28B | 714.20M | 2.04B |
| Enterprise Value | 479.15M | 469.04M | 878.56M | 1.07B | 479.76M | 1.73B |
| Last Close Price | 3.98 | 3.76 | 5.89 | 6.88 | 3.75 | 10.72 |
| PE Ratio | 23.52 | 33.39 | 69.08 | |||
| Forward PE | 19.63 | 29.56 | 53.99 | |||
| PS Ratio | 2.60 | 2.78 | 4.82 | 6.35 | 4.53 | 16.20 |
| PB Ratio | 2.94 | 2.86 | 4.30 | 5.31 | 2.60 | 6.23 |
| P/TBV Ratio | 3.47 | 3.35 | 4.85 | 6.07 | 2.93 | 6.94 |
| P/FCF Ratio | 14.75 | 20.67 | 45.73 | 258.76 | ||
| P/OCF Ratio | 14.40 | 20.02 | 42.09 | 235.94 | ||
| PEG Ratio | 0.67 | 0.58 | ||||
| EV/Sales Ratio | 1.90 | 1.95 | 3.88 | 5.31 | 3.04 | 13.72 |
| EV/EBITDA Ratio | 14.14 | 21.95 | 82.73 | |||
| EV/EBIT Ratio | 15.75 | 25.90 | 118.95 | |||
| EV/FCF Ratio | 10.74 | 14.51 | 36.77 | 216.39 | ||
| Debt / Equity Ratio | 0.03 | 0.01 | 0.01 | 0.02 | 0.03 | 0.03 |
| Debt / EBITDA Ratio | 0.20 | 0.12 | 0.26 | |||
| Debt / FCF Ratio | 0.16 | 0.09 | 0.14 | 0.83 | ||
| Net Debt / Equity Ratio | -0.80 | -0.81 | -0.83 | -0.85 | -0.84 | -0.88 |
| Net Debt / EBITDA Ratio | -5.28 | -8.85 | -19.92 | 20.36 | 4.97 | 4.59 |
| Net Debt / FCF Ratio | -4.01 | -5.85 | -8.85 | -41.64 | 7.84 | 5.31 |
| Asset Turnover | 0.72 | 0.68 | 0.65 | 0.57 | 0.41 | 0.45 |
| Quick Ratio | 2.83 | 2.96 | 3.47 | 3.37 | 4.52 | 5.77 |
| Current Ratio | 2.91 | 3.04 | 3.56 | 3.45 | 4.63 | 5.93 |
| Return on Equity (ROE) | 12.76% | 8.21% | 6.40% | -6.16% | -17.42% | -30.04% |
| Return on Assets (ROA) | 5.39% | 3.19% | 1.31% | -2.51% | -8.08% | -14.85% |
| Return on Invested Capital (ROIC) | 64.91% | 37.09% | 19.02% | -36.05% | -123.00% | -258.56% |
| Return on Capital Employed (ROCE) | 12.10% | 7.00% | 2.60% | -5.30% | -16.90% | -18.50% |
| Earnings Yield | 4.25% | 3.00% | 1.45% | -1.24% | -7.34% | -2.97% |
| FCF Yield | 6.78% | 4.84% | 2.19% | 0.39% | -4.14% | -2.67% |
| Buyback Yield / Dilution | 5.87% | 3.76% | -3.20% | 2.27% | -5.04% | -7.84% |